B.C. Ferries is reminding customers of increases in passenger and vehicle fares effective April 1.
Prices will rise by 4.15 per cent on average on all routes across the fleet. This increase was approved last spring in Bill 14, an amendment to the Coastal Ferry Act.
Subsequent price caps will be determined following the province's response to the B.C. Ferry commissioner's report, which was released last month.
According to the ferry corporation, fare increases are required due to the rising cost of operating and capital expenditures coupled with lower than anticipated traffic levels.
When the increase takes effect, passenger fares will rise from $13.45 to $14, and passenger and vehicle fares will rise from $45.20 to $47.10 on the Horseshoe Bay-Langdale route.
March is fraud prevention month
RCMP in the province are asking residents to be aware of ponzi schemes that target groups of like-minded people as they recognize March as fraud prevention month.
Such schemes are referred to as affinity fraud and often target church congregations, employees working together in offices, sports clubs, etc. Slick talking individuals ingratiate themselves into the targeted group and convince them to invest in stocks claiming high rates of return. The initial investors will unknowingly receive financial returns that are generated from new investors and not returns on the stock. Investors should always question promises of high returns and other financial guarantees.
If you have any questions or concerns, contact the Vancouver Integrated Market Enforcement Team at 1-604-331-1200.
The Integrated Market Enforcement Team program prevents, investigates and supports the prosecution of serious Criminal Code capital market fraud offences that are of regional or national significance and that threaten investor confidence or economic stability in Canada.
